After a dismal trading session yesterday, markets bounced back today owing to a spectacular rally in bank stocks after the Rajya Sabha passed the Bankruptcy Bill.
In the banking pack, ICICI Bank, SBI, IndusInd Bank, HDFC Bank and Bank of Baroda surged between 0.2%-4% to the passage of Bankruptcy Bill, which aims to complete the insolvency process of companies in 180 days, helping lenders in faster recovery of their loans.
